When emergencies arise, and you need money quickly without harming your credit score, Alabama title pawns can be a lifesaver. Alabama Title Loans, Inc. offers fast, accessible solutions without affecting your credit.

This guide from Alabama Title Loans, Inc. will explain how you can get title pawn without a credit check to borrow emergency cash for medical bills, overdue rent, or unexpected travel costs. We will also explain how title pawn affects credit.

What Are Alabama Title Pawns?

Title pawns are short-term loans based on the value of a vehicle that allows borrowers who have fully paid off their cars to borrow up to $15,000. The lender places a lien against the car title and holds it until the loan is repaid in full. In simple terms, a title pawn is a secured loan because it uses collateral to secure the loan amount—your vehicle's title.

How much a borrower can receive depends on their car’s value. During an in-person meeting, one of our loan representatives will inspect your car using a nationally recognized pricing guide to determine how much it is worth. Your title loan amount will depend on your car’s age, make, model, mileage, and condition.

Why Can You Get Title Pawns Without A Credit Check?

Unlike unsecured loans, which require a credit check due to the lack of collateral, Alabama title pawns are based on the collateral of your vehicle and generally don't require a credit check. The reason for this is title loan lenders are secured in case you cannot repay the loan.

Traditional banks require borrowers to prove their creditworthiness to establish they have a good payment history and will get their money back. When you use collateral to secure loans like title pawn loans in Alabama, proving you have a good payment history is not necessary.

You can get title pawn without a credit check if you cannot get approved at banks because of your bad credit or nonexistent credit. Just remember borrowers who fail to make their payments risk losing their car.

How Title Pawns Affect Credit

You can borrow money through title pawns with bad credit or no credit, but will these loans affect your credit? At Alabama Title Loans, Inc., we do not make hard credit inquiries, so your credit score will not go down. When a traditional bank looks into your credit score, the major credit bureaus are notified, and your score will take a little dip.

That is not the case with our title pawn loans in Alabama. We will not make a hard credit inquiry and do not report our title pawns to the major credit bureaus. That means you can borrow money for emergencies without worrying about your credit score going down.

What Are The Required Items For Alabama Title Pawns?

Now that you know how title pawns affect your credit, you can start the process without needing to worry about borrowing money lowering your credit score. At Alabama Title Loans, Inc., we make the approval process easy and simple to allow borrowers in need to get their emergency cash ASAP.

We have simple eligibility requirements to get approved for title pawns in Alabama. Unlike traditional banking institutions that require multiple items, we only need three to verify your identity, age, car title, and vehicle value.

The following are the required items for Alabama title pawns:

• Your driver’s license or a state-issued ID card
• A lien-free car title in your name
• Your vehicle for a quick inspection

The Approval Process For Title Pawn Loans In Alabama

Getting approved for no credit check title pawns does not take long; most borrowers can get approved the same day they apply. Our title pawn approval process is simple and efficient, allowing borrowers in need to get their emergency cash as quickly as possible to resolve financial emergencies before experiencing late fees, service disruptions, or lowered credit.

The following is how to get approved for Alabama title pawns:

• Provide your name, zip code, contact information, and vehicle details on our online form
• Discuss title pawn details over the phone with a friendly loan representative
• Bring your required items to the nearest Alabama store location
• A loan representative will verify your requirements and inspect your vehicle’s value
• If approved, sign documents to complete the process in less than 30 minutes
• Receive title pawn funds the same day or the next business day

FAQs About Alabama Title Pawns

Can you keep your car with an Alabama title pawn?

You will always have access to your car just as before receiving a title pawn. You use your car title as collateral, not the car itself, so you can continue driving it. Just adhere to the payment agreement and follow the guidelines of the title pawn.

Does your lien-free car title need to be in your name?

The vehicle’s title must be in the applicant’s name to obtain a no credit check title pawn. If the title isn't in your name, you'll need to visit the DMV to transfer the title to your name before requesting the title pawn. If two names hold the title, both individuals must sign for the title pawn unless there is an 'or' between the names on the title.

What are the risks with Alabama title pawns?

Borrowers will need to pay interest and could incur late fees if they miss payments. If you miss three to six months' worth of payments, you could default on your loan, meaning the loan lender can seize it to recoup their losses. This is why it’s vital to only borrow car title pawns if you have a plan to repay the amount you borrow.

Borrow Title Pawn Loans In Alabama – Receive Up To $15,000 Today!

If you need emergency cash, get no credit check title pawns with Alabama Title Loans, Inc. today. Our approval process takes less than a day. You can start the process online with our easy contact form and get approved in person in less than 30 minutes.

Need cash today for a financial emergency? Start the title pawn approval process by filling out the online form on this website or call us directly to walk you through the simple process.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.